MIDEAST STOCKS-Saudi shares drop moderately after oil tumbles
Saudi Arabia's stock market fell moderately in early trade on Monday after oil producers meeting in Doha on Sunday caused crude prices to tumble, although some stocks rose on the back of better-than-expected earnings. The failure of the Doha meeting to agree on an oil output freeze may not make a huge difference to prices in the long term - analysts thought a freeze would have had only a minor impact on market conditions. The second largest listed producer, Saudi Arabia Fertilisers Co (SAFCO), s
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